KLA Corporation (KLAC) To Go Ex-Dividend on August 17th

KLA Corporation (NASDAQ:KLAC) declared a quarterly dividend on Thursday, August 6th. Stockholders of record on Monday, August 17th will be paid a dividend of 0.23 per share by the semiconductor company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, August 17th. This is a 0.0% increase from KLA’s previous quarterly dividend of $0.23.

KLA has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 16 years. KLA has a payout ratio of 2.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect KLA to earn $6.54 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 14.1%.

KLA Trading Up 2.5%

KLAC opened at $198.11 on Friday. The firm has a 50 day simple moving average of $223.63 and a 200 day simple moving average of $183.05. KLA has a fifty-two week low of $83.22 and a fifty-two week high of $307.37. The company has a market cap of $258.79 billion, a price-to-earnings ratio of 54.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.45. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.88 and a quick ratio of 2.03.

KLA (NASDAQ:KLAC) last issued its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.00 by $0.05. KLA had a net margin of 35.57% and a return on equity of 87.66%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the company posted $0.94 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, sell-side analysts anticipate that KLA will post 5.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KLAC shares. BNP Paribas Exane upped their price target on KLA from $155.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $253.00 price objective on shares of KLA in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price objective on KLA from $200.00 to $238.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Wolfe Research lifted their target price on KLA from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 10th. Finally, Citigroup restated a “buy” rating on shares of KLA in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $223.70.

KLA Company Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.